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File #: 20-0381    Version: 1
Type: Report Status: Filed
File created: 4/29/2020 In control: Finance Committee
On agenda: 5/7/2020 Final action: 5/7/2020
Title: Report on investment inventory statistics at March 31, 2020
Attachments: 1. Inv Stat 2020 Q1 Inv att.pdf, 2. Inv Stat 2020 Q1 Fin Mkt.pdf, 3. Inv Stat 2020 Q1 Broker Bank att.pdf

TRANSMITTAL LETTER FOR BOARD MEETING OF MAY 7, 2020

 

COMMITTEE ON FINANCE

 

Mr. Brian A. Perkovich, Executive Director

 

Title

Report on investment inventory statistics at March 31, 2020

Body

 

Dear Sir:

 

Attached is a report of Investment Inventory Statistics at March 31, 2020, and a summary of Financial Market Statistics for the first quarter of 2020.

 

The average interest rate of the investment inventory at the end of March was 1.47%, a decrease from 1.84% at December 31, 2019. The total par value of the inventory was $796,978,808.70 at month-end.

 

The Federal Funds rate, a daily borrowing rate between banks, was 0.14% at month-end, down from 1.47% at December 31, 2019. The average yield on the benchmark 90-day Treasury Bill at March 31st was 0.09%, while the District ending investment portfolio average interest rate outperformed at 1.47%. The average level of investment for the quarter was 100% of available funds, exclusive of required compensating cash balances.

 

Respectfully Submitted, Mary Ann Boyle, Treasurer, MAB:st

 

Attachments